UK’s Largest Bitcoin Treasury Smarter Web Eyes ‘Struggling’ Competitor Acquisitions for Discount Prices

Core Insights - Smarter Web Company is actively seeking acquisitions of distressed competitors to acquire their Bitcoin holdings at discounted prices [1][2] - The company has transformed from a website design business to a Bitcoin accumulation firm under its "10 Year Plan," holding 2,470 Bitcoin valued at approximately £200 million [3] - Despite a significant share price drop of 73% from mid-June, the company has achieved a year-to-date Bitcoin yield of 49,198%, positioning it among the top 25 global corporate Bitcoin holders [4] Company Strategy - The firm is considering acquiring other companies for their Bitcoin assets, as many crypto treasury firms are trading below the value of their Bitcoin holdings [2] - Smarter Web's aggressive accumulation strategy has been financed through innovative debt structures, including a Bitcoin-denominated convertible bond worth $21 million [4][5] - The company briefly reached a £1 billion market capitalization over the summer and has gained approximately 150% year-to-date, outperforming most companies in the FTSE 350 [6] Financial Performance - The company holds £500,000 in remaining treasury cash while maintaining a significant Bitcoin reserve [4] - The principal repayment of the convertible bond is denominated in Bitcoin, with a fixed conversion share price representing a 5% premium to the stock's closing price at issuance [5] - The appointment of a new CFO aims to attract institutional investor interest and pursue ambitions for FTSE 100 inclusion [6]